Best Places In The World To Retire
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Recently Answered Questions
Do I need to own a car in Puerto Vallarta?
Sheryl Novak - SOLutions Mexico Furniture Store
You don’t need to own a car in Puerto Vallarta because the transit system here is fantastic. There are three levels of transport here in Puerto Vallarta: the taxi, which will get you there quickly and will cost the most of the three options; the bus, which has the lowest cost and has the most frequent stops; and then in between are little white vans that you can share with 6 or 8 other people and hop on, and hop off. These little white vans are in the mid-price range, have less...
You don’t need to own a car in Puerto Vallarta because the transit system here is fantastic. There are three levels of transport here in Puerto Vallarta: the taxi, which will get you there quickly and will cost the most of the three options; the bus, which has the lowest cost and has the most frequent stops; and then in between are little white vans that you can share with 6 or 8 other people and hop on, and hop off. These little white vans are in the mid-price range, have less stops than the bus, and are less expensive than the taxi. Why bother having a car when you have so many great options? There’s also so much within walking distance of every area in Puerto Vallarta, and there’s always sunshine, so there’s no need for a vehicle.
I do have a vehicle because I have a business, so I go to visit people, and time for me is precious. When you’re retired, you’ve got more time. Right now, owning a company, you’re always crunched for time.
(Cathedral in Puerto Vallarta, Mexico, pictured.)
Are there tax advantages or disadvantages if I retire, work or live abroad?
Jay Butler - Asset Protection Services of America
If you are U.S. citizen with foreign earned income and are (or will be) a bona fide resident of a foreign country for any entire year, or physically present in a foreign country for no less than 330 days during a year, then you may qualify for the "Foreign Earned Income Exclusion" as allowed by the Internal Revenue Service (IRS):
Advantage to Working Abroad - The Foreign Earned Income Exclusion
If you are a U.S. citizen or a resident alien of...
If you are U.S. citizen with foreign earned income and are (or will be) a bona fide resident of a foreign country for any entire year, or physically present in a foreign country for no less than 330 days during a year, then you may qualify for the "Foreign Earned Income Exclusion" as allowed by the Internal Revenue Service (IRS):
Advantage to Working Abroad - The Foreign Earned Income Exclusion
If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to an amount of your foreign earnings that is now adjusted for inflation:
- $91,400 for 2009
- $91,500 for 2010
- $92,900 for 2011
- $95,100 for 2012
In addition, you can exclude or deduct certain foreign housing amounts. You may want to research or inquire about IRS form 2555 for more information.
Disadvantage to Retiring Abroad - Receiving SSI and Medicare
Although you should still be eligible to receive Social Security (SS) irrespective of where you live, if you are a U.S. citizen and move offshore Supplemental Security Income (SSI) and Medicare payments will cease to be paid. SSI is taxpayer funded program which assists the blind, elderly, low income and disabled and is not available to U.S. citizens living abroad. Likewise, Medicare provides no coverage overseas but may be available for those who are living in a foreign country for an undetermined period of time and have plans to return.
As with any tax matter, it is always advisable to seek the competent advise of a tax professional.
Does Belize television have American or Canadian TV channels?
Christian Burn
We get TV in Belize, absolutely. It is good quality television, too.
You get English-speaking cable TV here. You will get all the American channels and the big networks that you know and love. We pay US $22 a month for about 200 channels. For that amount, you get HBO, Showtime, and all the specialty channels. It is fantastic TV for a low price.
You get English-speaking cable TV here. You will get all the American channels and the big networks that you know and love. We pay US $22 a month for about 200 channels. For that amount, you get HBO, Showtime, and all the specialty channels. It is fantastic TV for a low price.
We get TV in Belize, absolutely. It is good quality television, too.
You get English-speaking cable TV here. You will get all the American channels and the big networks that you know and love. We pay US $22 a month for about 200 channels. For that amount, you get HBO, Showtime, and all the specialty channels. It is fantastic TV for a low price.
You get English-speaking cable TV here. You will get all the American channels and the big networks that you know and love. We pay US $22 a month for about 200 channels. For that amount, you get HBO, Showtime, and all the specialty channels. It is fantastic TV for a low price.
How good are the medical centers, hospitals and health clinics in Panama, and how close are they?
Anne Gordon de Barrigón - Whale Watching Panama/Emberá Village Tours
The Medical centers, hospitals and health clinics are generally quite good. There are some exceptions. A good general rule is the more remote the health clinic or hospital, the less well equipped, experienced and knowledgeable they are. In and around Panama city there are some excellent private hospitals, such as Hospital Nacional, Paitilla and Punta Pacifica are all great. Most of the doctors speak English and many were educated in the US, Europe or abroad. ...
The Medical centers, hospitals and health clinics are generally quite good. There are some exceptions. A good general rule is the more remote the health clinic or hospital, the less well equipped, experienced and knowledgeable they are. In and around Panama city there are some excellent private hospitals, such as Hospital Nacional, Paitilla and Punta Pacifica are all great. Most of the doctors speak English and many were educated in the US, Europe or abroad. Note: the majority of nurses, therapists, technicians and receptionists do not speak English. The cost in these hospitals is generally 1/3 to 1/2 of what you will pay in the US.
I personally, had the misfortune to become very ill and in a coma and went to Hospital Nacional and they were excellent. In fact my sister, who is a Dr. in the US told me that the doctors in Panama did everything exactly the same that would have been done in the US. The huge difference is the level of genuine care from the doctors, nurses and therapists. My doctor was in my room 4-5 times a day for 15-30 minutes at a time 7 days a week! I have found the medical staff genuinely care about you as a patient here. It is not uncommon for your doctor to give you his personal cell phone number!
There are also many private clinics that are quite good and quite inexpensive. A routine check on something can cost as low as $15-20!
There is a socialized medical system here in Panama that mainly the poor population uses and it is not as good and often very long waits to be seen. Not because of less qualified staff, but because of not enough staff to handle the numbers of patients. In fact, all new doctors in Panama are required to work for the public health care system for a few years before they may enter private practice.
There are some very good clinics and hospitals outside of the city, such as the clinic in Coronado and the hospital in David.
What’s it like to retire in Portugal?
Carol Bartlett Ribeiro - Carol Bartlett Ribeiro, Property Consultant
Retirement in Portugal is very good and we have a tremendous amount of new people retiring here. For the Portuguese who are retiring, because we’ve been through a big economic crisis here and they’ve had to cut down pensions, there are a lot of people struggling. The new government has promised that that’s all going to change but then you’ll wonder where they’ll get the money. But certainly for foreigners coming here,...
Retirement in Portugal is very good and we have a tremendous amount of new people retiring here. For the Portuguese who are retiring, because we’ve been through a big economic crisis here and they’ve had to cut down pensions, there are a lot of people struggling. The new government has promised that that’s all going to change but then you’ll wonder where they’ll get the money. But certainly for foreigners coming here, it’s fantastic to retire in Portugal.
There are several reasons its fantastic to retire to Portugal. Number one, the climate; number two, the wines; number three, the weather; number four, the people who are sympatico to foreigners. The lifestyle is easygoing. I think the weather helps a tremendous amount for people who are golf players or riders. A lot of people go horseback riding and a lot of people have brought their horses here. Portugal has an easy lifestyle.
A lot of people will go down to the Algarve, which is completely different to being up in the Lisbon coast area. The Algarve is sort of a permanent holiday atmosphere, almost like an extension of Spain except all of a sudden you’ll hear Portuguese and a lot of English. I’m not a great fan of the Algarve region because I don’t think it has a Portuguese identity. You know, you don’t feel that you’re really in Portugal even though there’s beautiful beaches, there’s beautiful homes, but that’s it, whereas up here you have good theater, you have good concerts, good shows, and you can still do all that—you can ride horses and you can be on the beach.
It really is a relaxed kind of life filled with lunch parties and coffee parties. And with the big expat community that you have here, it’s good social life and a lot of people will entertain at home a great deal.
I live in the Lisbon coastal area, about 20 minutes on the train from the center of Lisbon and if you drive, depending on the time of day, of course, it’s about 20 minutes as well if you haven’t got all the traffic. Nothing’s very far here. We’re a little bit inclined to think, when we’re out in Cascais in Estoril, “Oh gosh, I’ve got to go into Lisbon” and vice versa, but it’s really very, very close. The style of life in Lisbon is more city life than it is along the coast. It’s quite different but I think that it’s mainly because parking is more difficult in Lisbon and there’s a lot more traffic.
(Trains from Lisboa to Sintra, Portugal, pictured.)
What does it cost for a vacation rental in San Juan del Sur, Nicaragua?
Carl Segerstrale - NSR (Nicaragua Surf Report)
Vacation rentals are the best way to experience San Juan del Sur, Nicaragua. Pricing for booking a vacation rental in San Juan del Sur, Nicaragua depends on several things. Proximity to the beach, number of beds/baths, views, amenities, activities and proximity to town all factor into pricing for vacation rentals. Pricing for vacation rentals ranges from $65/night to $550/night. Discounts for longer stays are often available. Housekeeping, AC, catering, airport transfers and more...
Vacation rentals are the best way to experience San Juan del Sur, Nicaragua. Pricing for booking a vacation rental in San Juan del Sur, Nicaragua depends on several things. Proximity to the beach, number of beds/baths, views, amenities, activities and proximity to town all factor into pricing for vacation rentals. Pricing for vacation rentals ranges from $65/night to $550/night. Discounts for longer stays are often available. Housekeeping, AC, catering, airport transfers and more are generally available when working with a reputable property management company.
Recently Posted Expat Stories
The Drive from Mazatlan to Lo de Marcos, Nayarit: Confusion, No Shortage of Dried Shrimp, and Then the Prize in a Disneyland-like Jungle
So there we were, in our van, after taking the Baja Ferry from La Paz and disembarking at the port at Mazatlán. Given that we had just spent more than six weeks in the Baja California desert, even in the parking lot of the harbor in Mazatlán, we were struck by the profusion of plant life. Palm trees, vines, and other types of jungle shrubbery seemed to be growing everywhere, sometimes on top of each other, successfully utilizing any amount of even the...
My New Mayan Friend, and the Evolution of Merida, Mexico
My new Mayan friend had a beautific smile. Most likely in her 50s, I met her as she and her family were making and selling sandwiches from the very small porch in front of her home with the half wall she used as a built-in shelf. On the street was a solitary plastic table covered by a plastic tablecloth, with two plastic chairs.The street of my friend’s house was perpendicular to the main street bordering the hacienda in which we had rented a place to stay. ...
